InvestorNewsBreaks – WELL Health Technologies Corp. (TSX: WELL) Releases Management Update, Announces Seed Investment

March 17, 2021 10:40 AM EDT

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WELL Health Technologies (TSX: WELL), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, has made to new appointment to its leadership team. The company named Atoussa Mahmoudpour as its chief legal officer and Ammar Shah as its vice president of mergers and acquisitions (“M&A”). Mahmoudpour has been serving as WELL’s vice president of legal affairs and compliance since September 2020; before coming to WELL, she held senior positions at several leading international firms, including Eversheds Sutherland LLP. Shah also joined the WELL team last September as director of M&A; his prior experience included serving as research analyst at Eight Capital covering small cap healthcare and special situations stocks. In addition, the company announced that it has made a seed investment of $250,000 into Twig Fertility Co.,, a start-up fertility clinic. Intent on creating the next generation of fertility care, Twig offers both medical expertise and a world-class embryology laboratory together under one roof. The clinic’s intent is to create a digitally enhanced, human-centered approach to fertility care. The clinics services include include telehealth consultations, at-home medication delivery, mobile app bookings and notifications as well as a portal where patients can obtain real-time results test results. In addition to the investment, WELL is in discussions with Twig to implement its technology stack into Twig’s clinical operations. “This investment marks our initial entry into the growing market for fertility treatment services in Canada,” said WELL chairman and CEO Hamed Shahbazi in the press release. “We are looking forward to working more closely with the talented team at Twig to bring innovation and digitization to the outdated fertility treatment industry.”

To view the full press release, visit https://ibn.fm/Fp58p

About WELL Health Technologies Corp.

WELL is an omni-channel digital health company whose overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. As such, WELL owns and operates 27 healthcare clinics; is Canada’s third-largest digital electronic medical records (“EMR”) supplier serving more than 2,200 medical clinics; operates a leading national telehealth service in Canada and the United States; and is a provider of digital health, billing and cybersecurity-related technology solutions. WELL is an acquisitive company that follows a disciplined and accretive capital allocation strategy. For more information about the company, please visit www.WELL.company.

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